Mike Brady
47 Abbott Showcase

Agent Introduction

On behalf of the vendors and Gunnedah First National, we would like to welcome you to 1,2,3/47 Abbott Street, Gunnedah.

If you want an investment with multiple income streams, and scope for enhancement on returns, with consistent cash flow because of the great location, this is the property you need to consider.

The property is being offered to you

For Sale Now $255,000 - $270,000

If you would like any further information please do not hesitate to give us a call.

 

Welcome to Gunnedah


 

Gunnedah is the hub of one of Australia’s richest agricultural regions – the Liverpool Plains in North West New South Wales – and is located on the Kamilaroi and Oxley Highways. Gunnedah has a great variety of shopping, dining and entertainment venues. Residents and visitors will appreciate the variety of great cuisine that the local restaurants, pubs, clubs and takeaway venues have to offer.

Our primary industries is an expanding, vibrant industrial and manufacturing sector, all utilising Gunnedah's prime location, abundant supply of underground water and high capacity transport infrastructure. Key industry for the shire includes agriculture (cropping and livestock), manufacturing and processing services including brick works, leather works, grain milling and coal mining. Gunnedah is also supported by a thriving commercial and retail service sector.

Farms, both family and corporate – produce summer and winter crops including wheat, sorghum, barley, cotton, sunflowers, soya beans and vegetables. The fertile soils of the region support a vast livestock industry also. Cattle, sheep and pigs from Gunnedah are renowned for their high quality and are exported all over the world.

Gunnedah is the centre of the resource rich, Gunnedah Coal Basin. Exhibiting low ash and sulphur, high specific energy and very low phosphorus, Gunnedah's internationally sought-after coal is transported by rail to Newcastle for export- boosting Gunnedah's and the national economy. The Basin's coal production is expected to exceed 10 million tonnes per annum for some decades.

Gunnedah's retail and commercial sector provides a broadening supply of goods and services capable of supporting a growing population. With 3 major supermarkets and many nationally branded outlets, Gunnedah is a one-stop-shop not only for the Shire's residents but also many regional shoppers. Gunnedah is a welcoming community and a great place to run a new business venture.

Property Location Map Map

Property Photos Photo Gallery

 

Features at a Glance

5

3

1

1012 sqm

1,2,3/47 Abbott Street, Gunnedah NSW

 
- If you want an investment with multiple income streams, and scope for enhancement on returns, with consistent cash flow because of the great location, this is the property you need to consider
- 3 x downtown flats: - 5 bedrooms,3 bath, 1 carport.
- Offering affordable,air-conditioned, budget accommodation for tenants who love being close to everything. Includes split-system rev. cycle air-conditioning for all year comfort, plus convenience to downtown. Ideal for renovator to enhance returns even further.
- 1012 m2 prime corner site within easy walk to main street Rental return $435 pw @ 8.5% gross
- Yes - it's close to shopping, restaurants, schools, club/hotel scene, & brand new-to-be police station. So why wait for a great opportunity, call us now as it makes sense to buy a great returning investment with upside & location. (Licensee interest)

TEXT 47 ABBOTT TO 0416 907 810 FOR MORE INFO
 
What the owner loves about this property

Simple, easy operation with multiple cash flow

Great return

Convenient, attractive location

Why the vendor is selling

Windup of investment syndicate

For Sale Now $255,000 - $270,000

Current rent: $435 p.w.

Rates: $680 per qrt.

Floor and Block Plans

Property Inclusions

Flat 1

Entry

Small sunroom

Living Area

Split system unit

Carperted

Kitchen

Upright gas stove and oven

Linoleum flooring

Roller blinds

Bedroom 1

Roller blinds

Carpeted

Sleepout

Bathroom

Single basin

Shower

Toilet

Tile flooring

Flat 2

Living Area

Split system

Carpeted

Kitchen

Upright electric stove

Electric oven

Roller blind

Linoleum flooring

Bedroom 1

Carpeted

Bedroom 2

Carpeted

Sleepout

Bathroom

Shower

Single basin

Toilet

Tiled flooring

Flat 3

Living Area

Polished floorboards

Daikin split system unit

Kitchen

Upright gas stove and oven

Rangehood

Single sink

Eat-in

Gas point

Linoleum flooring

Bedroom 1

Polished floorboards

Wall mounted reverse cycle air condition

Bathroom

Shower over bath

Linoleum flooring

Seperate toilet

50 litre outdoor electric hot water system

External Area

Weatherboard and fibro structure

Iron roofing

Laundry

Shared

External

Garage and Storage

Carport off unit 1

Miscellaneous/Improvements

Rainwater tank

Clothes line

 

 

Purchasing Steps

6 STEPS TO BUYING A HOUSE

Purchasing residential real estate can be a very exciting process, however it can also be a confusing time for the prospective buyer. As you may already be aware, different agencies usually have different set of rules and standards, so we would like to inform you of the general buying process.

Property owners receive all types of interest-some genuine, some not. Some people submit offers to test the possibility of sale, but do not actually stay true with their offer.

This can lead to frustration and concern for the owners as they try to assess who is actually a genuine buyer. The best way to present a strong offer on any property is to follow the steps below that allow you to understand what is required in preparation.

Allowing you to put forward your strongest purchasing proposition to the agent. All offers must be presented to the owner in writing and all purchase details correct for filling in the contract for signing.

STEP 1 – PROVIDE AGENT WITH YOUR FULL DETAILS SUCH AS:

  • The actual purchase price you will be paying for the property.

  • The method by which you choose to pay the 10% deposit. E.g. Cheque/bond/other.

  • The settlement period that you require or the vendor has stipulated.

  • The name of your chosen Solicitor or Conveyancer.

  • The name of your bank or financial lending institution.

  • Any special conditions or requests that you may have so that we can inform the vendor (property owner).

  • All the above details can be recorded on a Formal Offer Document supplied by your agent to remove any confusion.

STEP 2 – CONFIRM YOUR TIME FRAME AVAILABLE TO DO ANY INVESTIGATIONS

Find out if the property has a deadline on it, such as auction or other offers from interested parties.

STEP 3 – DECIDE IF YOU ARE GOING TO OBTAIN A PEST AND BUILDING REPORT

Before you purchase the property - in particular a new home - it is important that you receive a copy of a Pest and Building Report from a qualified inspector. Please note that this report is a complete list of defects of the home, and is very different from the feature brochure that you receive from our agency. Most people are shocked with the report they receive on the home, e.g.  the home is 34 years old and is in need of new roof tiles. Roof tiles last approximately 35 years and need replacing on every home at that age. The point to remember here is that all homes at one time or another require maintenance, and that this is known as a capital improvement.

STEP 4 – NOTIFY YOUR BANK OF YOUR PURCHASE ADDRESS AND DETAILS

A pre-approval of finance from your bank or lending institution needs to be in place before safely proceeding with your property purchase, however many banks will approve you in principle yet may require a valuation. Don’t be alarmed if your bank or lending institution requests a valuation by a registered property valuer. This is normal practice of lending institutions, and serves as confirmation of the agreed sale price. If you are intending to buy at auction, all the above-mentioned must be in place. Auction day is final. If you turn up to bid and you are the highest bidder past the reserve price (on-the-market price) you are the instant owner awaiting settlement of the property.

STEP 5 – DON’T FORGET TO INCLUDE STAMP DUTY FUNDS IN YOUR FINAL NUMBERS

STEP 6 – MEET WITH THE AGENT AND PROVIDE ALL DETAILS FOR SIGN OFF WITH THE OWNER

Once agreement on price, settlement, conditions, etc has been reached with the vendor the sale can proceed. An exchange of contracts is the only way to actually buy or sell real estate. This is achieved by signing the contract of sale which is then processed by the agent with all legal parties.

IN SUMMARY

Preparation is key. Understand the steps of sale and have everything in place is imperative to reaching your property goals. Whether you are considering purchasing this property or another in the near future and in need of advice, please feel free to contact myself or any of our team with questions that you may have.

   We are here to assist you.

 

Surrounding Sales Evidence

  10/9 Bowen Ave, Gunnedah

   2 bed | 1 bath | 2 car | 150m2

   Sold date 10/02/2017

   Sold price $262,500

 

  3/132 Little Conadilly St, Gunnedah

   2 bed | 1 bath | 1 car | 898m2

   Sold date 22/07/2016

   Sold price $277,500

 

  2 Greys Pl, Gunnedah

   5 bed | 3 bath | 4 car | 936m2

   Sold date 01/03/2016

   Sold price $290,000

 

 

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